Aon plc (NYSE:AON) is LTS One Management LP’s 3rd Largest Position

LTS One Management LP lifted its stake in shares of Aon plc (NYSE:AON) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,000 shares of the financial services provider’s stock after buying an additional 15,000 shares during the quarter. AON accounts for approximately 7.5% of LTS One Management LP’s holdings, making the stock its 3rd largest holding. LTS One Management LP’s holdings in AON were worth $26,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AON. Endeavor Private Wealth Inc. acquired a new stake in AON during the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at $32,000. Anchor Investment Management LLC boosted its stake in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in AON during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE AON opened at $375.26 on Monday. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $81.06 billion, a PE ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82. The stock has a 50 day simple moving average of $390.58 and a 200-day simple moving average of $374.75.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the company posted $3.89 earnings per share. On average, equities research analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.79%. This is an increase from AON’s previous quarterly dividend of $0.68. AON’s dividend payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AON. Redburn Partners set a $445.00 price target on shares of AON in a research report on Tuesday, March 25th. Jefferies Financial Group increased their target price on AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday. Redburn Atlantic upgraded AON to a “hold” rating in a report on Tuesday, March 25th. Barclays reduced their price objective on AON from $440.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $393.87.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.